Reference no: EM132307622

Step 1. In groups of three to five students, assume that you are a consulting team to a family business. The family has ased an inheritance to acquire a medium-sized pharmaceu- dical company. Last year, sales were down 10 percent from the previous year. Indeed, business has declined over the past three years, even though the pharmaceutical industry has been growing. The family that acquired the business has asked for your help. Step 2. Your task as a group is to rank the priority of the Market research New-product development Human resources Product promotion Quality assurance Sales Legal and governmental affairs Office of the comptroller al functions in the order of importance for assign-ten functions, sharing your reasons Step 4. As a group, discuss the order of importance for the ing additional resources to improve business in the future. Step 3. Individually, rank the following ten functions in order of importance, and make a note of your reasons: priority should relate to the company's strategic needs. Step 5. How does the groups reasoning and ranking differ from your original thinking Step 6. What did you learn about organization structure and design from this exercise?